TRADE CREDIT & POLITICAL RISK

Allied World offers short and medium-term credit and political risk insurance targeting exporters, importers, financial institutions, contractors and investors. We take a personalised approach with every client because “one size fits all” simply does not apply in this day and age. Our expert underwriters craft coverage for the unique exposures of each deal. Coverage is available for clients located worldwide.

PRODUCT FEATURES

Coverage is offered for the risks of:

Non-Payment

Non-Performance

Unfair Calling of Guarantee

Political Force Majeure

TARGET CLIENTS

Exporters

Non-payment coverage for short-term and medium-term exports to both private and public sectorbuyers. Policies can be written for one-off transactions and for multi-buyer programs.

Pre-shipment covers to protect exporters with long lead times against the insolvency of the buyer and various political risks which render contractual performance impossible.

Importers

Non-payment and non-performance coverages in respect of advance payments and pre-financings that have been made to foreign suppliers.

Trade credit insurance facilities for importers. Policies can be written to cover both short and medium-term imports and can be issued to one supplier or many different suppliers.

Contractors

Contract Repudiation and Unfair Calling of Guarantee Cover.

Financial Institutions

Non-payment for both short-term and medium-term trade and export finance to both private and public sector buyers.

Structured commodity finance transactions.

Lender’s Interest coverage for both project and investment assets which protect against the failure or inability of the borrower to repay the loan as a result of various political perils.

Investors

Permanent Investments – Coverage is available for companies investing in foreign markets against confiscation, expropriation, nationalization or deprivation; loss caused by forced abandonment, forced divestiture, war, strikes, riots and civil commotion; and the risk of inability to convert and transfer earnings or principal from the investment.

Mobile Assets – Cover for mobile assets such as vehicles, plant and machinery, stocks of commodities etc. caused by loss due to perils as outlined above for permanent investments.

LIMITS

Up to $25 million per Obligor/Guarantor and for credit terms of up to five years.

No classes of business excluded.

MULTINATIONAL COVERAGE

For more information on Multinational Coverage available via our ALLIED WORLDWIDESM platform,please contact the listed underwriters or visit us online at www.awac.com/alliedworldwide.

The claims culture at Allied World really starts with the claims slogan: “claims cannot be predicted, great service can be.” We VALUE our customers and the relationship we develop with each and every one. Listen to our clients and our Allied World executives discuss the claims handling process at Allied World and get to know WHO is handling your claim.

We’re always open to new ideas and opportunities. If you would like to embark on a new journey with us – share ideas regarding products, services, distribution, partnerships, or any other opportunities you may have – please feel free to contact us using the fields below:

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